Ranger Investment Management L.P. Takes Position in AAON, Inc. $AAON

Posted by Brian Himes on Aug 24th, 2026

Ranger Investment Management L.P. acquired a new stake in AAON, Inc. (NASDAQ:AAON – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 241,003 shares of the construction company’s stock, valued at approximately $30,574,000. AAON accounts for about 1.9% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 15th biggest position. Ranger Investment Management L.P. owned about 0.29% of AAON at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of AAON by 8,956.4% during the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after buying an additional 1,209,205 shares during the last quarter. Norges Bank purchased a new stake in shares of AAON during the 4th quarter valued at approximately $41,584,000. Wasatch Advisors LP raised its position in shares of AAON by 27.1% during the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after buying an additional 456,560 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in AAON in the third quarter valued at approximately $41,333,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Performance

NASDAQ:AAON opened at $79.44 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. The stock has a market capitalization of $6.55 billion, a P/E ratio of 41.38, a PEG ratio of 1.50 and a beta of 1.45. The company has a 50 day moving average price of $106.43 and a 200 day moving average price of $105.35. AAON, Inc. has a fifty-two week low of $73.19 and a fifty-two week high of $150.46.

AAON (NASDAQ:AAON – Get Free Report) last posted its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.18. The firm had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm’s revenue for the quarter was up 101.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Equities research analysts forecast that AAON, Inc. will post 2.3 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s payout ratio is presently 20.83%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AAON shares. Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Oppenheimer decreased their price target on AAON from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Robert W. Baird lowered their price target on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.67.

Check Out Our Latest Stock Analysis on AAON

Insider Activity

In related news, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total value of $606,666.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary D. Fields sold 19,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.20, for a total value of $2,663,800.00. Following the transaction, the director directly owned 15,252 shares in the company, valued at approximately $2,138,330.40. The trade was a 55.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 47,403 shares of company stock valued at $6,663,055. 18.09% of the stock is currently owned by corporate insiders.

About AAON

(Free Report)

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.